Job market is strong and hiring robust, in contrast to market fears
November’s jobs report Friday should show a strong pace of hiring in a solid underlying economy, a stark contrast to some of the worst fears in financial markets this week. Sliding bond yields and falling equity prices have helped fan...
Markets are going haywire. Here’s why these sudden moves are here to stay
Wherever Mark Connors looks at markets, from stocks to currencies to oil, he sees signs of the unknown. Equity investors got whipsawed this week during two rough and volatile sessions, but Connors, global head of risk advisory at Credit Suisse,...
US firms doing business in China now vulnerable after Huawei arrest: Former US trade advisor
There’s a good chance the Chinese will retaliate for the arrest of Huawei CFO Meng Wanzhou by targeting American businesses in China, former assistant U.S. trade representative Jeff Moon told CNBC on Thursday. Meng was arrested on Saturday in Canada...
Investor fears about recession seem ‘overdone,’ IMF’s Christine Lagarde says
Investor fears about an economic slowdown helped fuel Thursday’s drastic stock market sell-off. But the IMF’s Christine Lagarde said based on growth numbers, she doesn’t see cause for alarm. “I don’t see the elements of a recession in short order,”...
Fed’s Bostic says interest rates are ‘within shouting distance of neutral’
Atlanta Fed President Raphael Bostic said the the central bank may not have to go much further with interest rates to achieve a proper balance between slowing and overheating. Addressing the key concept of where a “neutral” rate is for...
Apple shares fall after UBS sees weakest ‘purchase intent’ for iPhone in five years
Shares of Apple fell on Thursday after two analysts cut the tech giant’s price target on weak iPhone demand going forward. Purchase intention for iPhone “was down across the board” and most significantly in the U.S. and China, UBS analysts...
Payroll growth slows in November as labor market tightens
Companies slowed the pace of job creation in November as the labor market indicated more signs of tightening, according to a report Thursday from ADP and Moody’s Analytics. Private payrolls increased by 179,000, below the 195,000 growth expected by a...
Tesla’s China factory is set to begin production late next year, Shanghai government says
Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday. Land leveling is basically complete and construction is about to begin, with the factory expected to...
Criminal probe prompts pause in suit claiming J.P. Morgan Chase rigged precious metals markets
A federal judge has put on hold, for at least six months, a civil lawsuit accusing J.P. Morgan Chase of rigging the precious metals market, citing an ongoing related criminal investigation. Judge Paul Engelmayer’s decision came at the request of...
Mike Bloomberg says he’d try to sell Bloomberg LP if he becomes president
Mike Bloomberg said Tuesday in a Radio Iowa interview that he will probably try to sell Bloomberg LP if becomes president in 2020. “I think at my age, if selling it is possible, I would do that,” Bloomberg said. “At...
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